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Dutch Bros BROS Occupancy & other costs — Cost of Sales

Other product segments

Beverage, food & packaging
$133.11M+38.0%
Labor costs
$129.46M+27.8%
Pre-opening costs
$8.41M+85.1%

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Other financials

Income statement

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Revenue$550.9M+32.5%
Gross profit$151.1M+25.8%
Operating income$70.4M+28.8%
Net income$37.4M+46.0%
EPS (diluted)$0.28+40.0%

Balance sheet

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Cash & equivalents$268.6M+5.6%
Total debt$1.2B+21.4%
Total equity$797.7M+25.4%
Total assets$3.4B+20.1%

Cash flow

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Operating cash flow$112.2M+24.8%
CapEx$72.3M+33.3%
Free cash flow$39.9M+11.9%

Valuation

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Market cap$9.01B+22.8%
Enterprise value$9.93B+23.2%
P/E97.5×-30.6×
P/S4.8×-0.3×

Profitability

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Gross margin25.1%-1.6pp
Operating margin9.6%+0.3pp
Net margin4.9%+1.0pp
FCF margin5%0.0pp

Returns & leverage

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Return on equity12.9%+2.9pp
Debt / equity1.5×0.0×
Current ratio1.4×-0.3×

Where this comes from

Reported directly by Dutch Bros in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Dutch Bros’s 10-Q, filed August 6, 2026.

Filed
Aug 5, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001866581-26-000133
(in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Company-operated shops
Beverage, food & packaging133,10896,468245,430177,847
Labor costs129,460101,270241,765190,709
Occupancy & other costs83,08559,984159,870113,911
Pre-opening costs8,4084,54214,74910,153
Franchising and other11,9096,42924,26715,204
Segment cost of sales1365,970268,693686,081507,824
Segment contribution

Item 1. Financial Statements (Unaudited)

FAQ

What is Dutch Bros's occupancy & other costs — cost of sales?
Dutch Bros (BROS) reported occupancy & other costs — cost of sales of $83.09M in Q2 2026.
How has Dutch Bros's occupancy & other costs — cost of sales changed year-over-year?
Dutch Bros's occupancy & other costs — cost of sales increased by 38.5% year-over-year, from $59.98M to $83.09M.
What is the long-term trend for Dutch Bros's occupancy & other costs — cost of sales?
Over 3 years (2022 to 2025), Dutch Bros's occupancy & other costs — cost of sales has grown at a 31.9% compound annual growth rate (CAGR), from $109.37M to $251.11M.
What does occupancy & other costs — cost of sales mean?
This metric represents the direct costs associated with the physical operation of retail locations, specifically excluding labor and food/beverage ingredients. It encompasses expenses such as rent, property taxes, common area maintenance, and utilities required to maintain shop functionality. Monitoring these costs is essential for evaluating the fixed-cost burden of the company's real estate footprint relative to revenue generation.

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